Live in Flip Turned House Hack

[Malika McCalla]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $271,000
Cash invested: $20,000

Sold this home to my partner where we have lived and house hacked as a live in flip by rennovating the basement and renting the top level. We now live pratically for free with the excepetion of utility costs and routine maintenance our housing expense is covered by our tenants.

What made you interested in investing in this type of deal?

The basement offered a great opertunity to force equity in the home.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional 5% down

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the agent and this was my first deal!